Multibagger Construction Company Reports Impressive Q2 FY2025 Presales of Rs 1,012 Crore with Significant 90 Per cent YoY Growth – FIIs and DIIs Increase Stake!
The company’s shares have delivered an impressive return of over 190 per cent in just 1 year only.
TARC Limited has announced a strong operational performance for Q2 FY2025, reporting presales of Rs 1,012 crore, reflecting a remarkable year-on-year growth of 90 per cent. The company’s total presales for the first half of FY2025 reached Rs 1,322 crore, marking an extraordinary 60 per cent increase compared to the previous year. This achievement underscores TARC's robust performance and strategic positioning in the luxury real estate market.
Key Highlights for Q2 FY2025:
Project Launch: TARC Limited successfully launched TARC Ishva, a luxury development located on the extended Golf Course Road in Sector 63A, Gurugram. This project reinforces TARC’s commitment to delivering elegant living spaces and cements its status as a leader in luxury real estate.
Debt Refinancing: The company has effectively refinanced Rs 1,000 crore of debt at an attractive interest rate of 12.75 per cent. This move enhances TARC’s financial strength and positions the company for continued investment in key projects.
Market Positioning: With strong presales performance, effective financial management, and new project launches, TARC Limited is well-prepared to navigate the evolving market landscape. The company remains focused on delivering high-quality developments that meet customer needs while maximizing stakeholder value.
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Amar Sarin, MD & CEO of TARC Limited, expressed enthusiasm regarding the company's performance, particularly the positive response to the recently launched TARC Ishva. He noted TARC's established reputation as a strong luxury residential brand, as evidenced by the success and feedback for other developments like Tripundra and Kailasa.
TARC Limited a Small-Cap company headquartered in New Delhi, is a leading player in luxury real estate development. The company is dedicated to crafting unparalleled living experiences and delivering exceptional quality to its discerning clientele. TARC is committed to redefining urban living and solidifying its position as a beacon of luxury and sophistication within the industry. With a robust portfolio of prime land and strategic financial collaborations, TARC aims to continue revolutionizing the urban landscape with top-tier developments.
On Friday, the company’s shares closed at around Rs 264.50 and the current market capitalization stands at Rs 7,805 crore. Additionally, the shares have delivered an impressive multibagger return of over 190 per cent in just 1 year only.
Disclaimer: The article is for informational purposes only and not investment advice.